Are there any economic benefits of tackling climate change?
In October 2006, Sir Nicholas Stern, advisor to the government published his report on the economic impacts of climate change. The report made several recommendations including that the total cost of unabated climate change would be 5% of the global GDP. In contrast, prompt and substantial actions in the next 10 – 20 years to reduce the impact of climate change would cost only 1% of global economy.
